Crude Oil and Gasoline Update March 17th

Discussion in 'The Howard Stern Show' started by MyLazyHand, Mar 17, 2015.

  1. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    Most of you have heard by now that the USA (and the world) is producing more oil than can be stored in large tanks. The main US storage facility in Cushing, OK will fill up within months.

    The USA is expected to produce upwards of 13.7 million barrels of oil per day by the end of 2015. Production is outpacing the below chart from just a year ago:

    [​IMG]

    We have doubled oil production since 2007.

    The price of crude has been in free-fall for the last week, losing nearly $7 per barrel. The price of gasoline is dropping less quickly, losing around 10 cents per gallon.

    The USA consumes roughly 19 million barrels of oil per day. Most of the balance comes from Canada and Mexico.

    Canadian oil sands crude has dropped under $30 per barrel (difference due to transport costs and refining costs).

    There is enough production in North America to fulfill all of our needs.
     
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  2. idiotbox

    idiotbox Looking for a dime and found a quarter. VIP

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    yet the prices still rise sharply and fall very slowly. fuck those assholes.
     
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  3. yaddc

    yaddc Well-Known Member

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    Last time by me when it was 43and change gas was 1.96 than it went up to 2.19 now its 43 again and he still 2.19 but there not grabbing free money are they. By the way what ever happened to the word thank you at the gas station.
     
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  4. yaddc

    yaddc Well-Known Member

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    Go to the cheapest guy and than support him fuck the higher end scumbag.
     
  5. yaddc

    yaddc Well-Known Member

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    Jersey has the lowest tax per gallon, yet we lead in tolls and taxes , AND YET WE ARE STILL BROKE.
     
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  6. babybear

    babybear r.i.p 8/3/15, Wherewolf of AZ VIP

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    the lowest I saw in Phx. a while back was $ 1.65
    now everywhere its $ 2.36 or more.
     
  7. CrucifiedAGT

    CrucifiedAGT He's Around VIP

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    Jersey. :giggle:

    How's it feel that a guy from Ohio of all places can laugh at your state?
     
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  8. yaddc

    yaddc Well-Known Member

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    Ohio wheres that lol
     
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  9. yaddc

    yaddc Well-Known Member

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    Ahhhhhh Johnny Football country good luck with that stiff.
     
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  10. CrucifiedAGT

    CrucifiedAGT He's Around VIP

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    J-E-T-S :happyhappy:
     
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  11. Beth143nacho

    Beth143nacho Well-Known Member VIP

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    Taxes don't correct economies

    It's like spending your entire pay check on scratch tickets and complaining that your salary being too low is the problem
     
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  12. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    WTI (West Texas Intermediate) crude is trading at $42.15 per barrel this AM. That is the lowest it's been in a long time.

    RBOB gasoline is not really moving down. It's trading at $1.71 per gallon.


    This is weird. They should be moving pretty much in tandem, but gasoline is not giving up much ground.